Punjab Government Forms Committee for Real Estate Sector Transformation
The Punjab Government has established a sector-specific committee to develop a customized roadmap for transforming the real estate sector, aiming to promote a structured and transparent ecosystem. The committee, under the Department of Housing and Urban Development, will provide policy inputs to foster a conducive environment for sustainable growth and ease of doing business.
Real EstatePunjabTransformationPolicyInvestmentReal EstateOct 09, 2025
Disclosing this, Punjab Housing and Urban Development Minister Hardeep Singh Mundian emphasized that the committee's primary goal is to create a best-in-class policy model through active collaboration with leading stakeholders in the real estate sector. The Chief Minister S. Bhagwant Singh Mann-led government is committed to fostering a conducive environment for sustainable growth, ease of doing business, and investor confidence in Punjab’s housing and urban development landscape.
The committee, formed under the Department of Housing and Urban Development, includes prominent industry leaders. Sh. Deepak Garg (Director, Marbella Group) will serve as the Chairperson, while Sh. Rupinder Singh Chawla (MD, CEE ENN Promoters and Developers Pvt. Ltd) will act as the Vice-chairman. Other members include Sh. Umang Jindal (CEO, Homeland Group), Sh. Sukhdev Singh (Director, AGI Group), Sh. Pardeep Kumar Bansal (Director, HLP Group), S. Baljeet Singh (Director, Jubilee Group), Sh. Deepak Makhija (Business Head Punjab, EMAAR Group), S. Rupinder Singh Gill (MD, Gillsons Construction Ltd), Sh. Rohit Sharma (Executive Director, DLF Group), Sh. K.K. Sharma Kuku (Director, SG Group), Sh. Mohinder Goel (Chairman, Affinity Group), Sh. Varun Dham (Director, KLV Builders), and Sh. Amarinder Singh Malhi, ACA, GMADA as Member Secretary.
The core task assigned to this committee is to provide the government with structured and practical policy inputs tailored to Punjab’s real estate landscape, taking into account the state’s fiscal and structural framework. The committee will study the best practices and policy frameworks adopted by other states and develop recommendations that align with Punjab’s developmental priorities. The committee is expected to submit its written recommendations within six weeks of the issuance of the notification.
Requisite support to the committee will be provided by the Member Secretary, who will also coordinate meetings and maintain the minutes of proceedings. Mundian stated that the constitution of this committee is a proactive step towards strengthening transparency, accountability, and investor-friendly reforms in the real estate sector.
This initiative is expected to enhance the real estate market in Punjab, making it more attractive for both domestic and international investors. The government's commitment to fostering a conducive environment for growth and development is evident through such proactive measures.
Frequently Asked Questions
What is the main goal of the committee formed by the Punjab Government?
The main goal of the committee is to develop a customized roadmap for transforming the real estate sector in Punjab, promoting a structured and transparent ecosystem through practical policy inputs.
Who are the key members of the committee?
The committee includes prominent industry leaders such as Sh. Deepak Garg (Chairperson), Sh. Rupinder Singh Chawla (Vice-chairman), and other members from leading real estate companies in Punjab.
What are the expected outcomes of the committee's recommendations?
The committee's recommendations are expected to enhance the real estate market in Punjab, making it more attractive for both domestic and international investors by fostering a conducive environment for growth and development.
How long does the committee have to submit its recommendations?
The committee is expected to submit its written recommendations within six weeks of the issuance of the notification.
Who will provide support to the committee and coordinate meetings?
The Member Secretary, Sh. Amarinder Singh Malhi, ACA, GMADA, will provide support to the committee, coordinate meetings, and maintain the minutes of proceedings.
Related News Articles
Tier-2 Cities Witness 10-15% Growth in Property Prices, Outperforming Metros
Tier-2 cities in India are rapidly closing the gap with Tier-1 cities, driven by economic diversification, rising consumer demand, and reverse migration patterns.
Boosting India's Real Estate Sector: Expectations from Union Budget 2024-25
Industry experts emphasize the need for enhanced tax incentives, single window clearance, and infrastructure development to drive growth and stability in the real estate sector.
Bajaj Housing Finance Q2 FY25: Profit Rises 21% YoY to Rs 546 Crore, Revenue Up 26%
Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
Trump Towers: A Project Set to Revolutionize the Indian Real Estate Market
As the Indian real estate market continues to evolve, one of the most ambitious projects on the horizon is Trump Towers. Licensed partner in India reveals plans to generate ₹15,000 crore in sales over the next 4-6 years, making it a landmark development i
India's Luxury Housing Market Booms: A ₹279,000 Crore Surge
India's luxury housing market is witnessing a significant surge, driven by affluent buyers who are increasingly seeking exclusivity and high-end living. Key cities like Mumbai, Delhi-NCR, and Bengaluru are leading this trend, with a substantial increase i
10 Lakhs in Bengaluru, Mumbai, and Delhi: What You Can Buy in the Real Estate Market
Discover what 10 lakhs can get you in the real estate markets of Bengaluru, Mumbai, and Delhi, according to a recent report by Knight Frank. Explore the current property trends and investment opportunities in these major Indian cities.